Cambodia officially launched on Wednesday a central bank-backed digital currency that draws on blockchain technology designed by a Japanese company. The e-money “Bakong”, an initiative of the National Bank of Cambodia, joins a very small group of digital currencies backed by central banks that have gone fully operational. Bakong, which supports transactions in the dollar […]
Read MoreEnergy experts have called on the government to reform electricity trading, allowing power firms to compete with the Electricity Generating Authority of Thailand (Egat) in order to reduce power bills for households and solve the oversupply of national power reserve. Egat has monopolised the market for 50 years, being a single buyer that sells electricity […]
Read MorePETALING JAYA: E-commerce platforms are hoping the government will continue to extend support to the industry to encourage more retailers to diversify their businesses and move online. Shopee regional managing director Ian Ho said recent initiatives such as the “Shop Malaysia Online” programme and the Penjana e-commerce initiative for SMEs have yielded positive benefits by […]
Read MoreMyanmar has seen increased foreign and local investment in September 2020, according to investment data for August and September from Myanmar Investment Commission. In August, the commission approved $40.992 million foreign direct investments while the approved investment in September reached $507.159 million. Looking at the investment by sector, the industrial sector received eight foreign investments […]
Read MoreThe student-led protests against the government will not seriously affect the domestic economy as foreign investors view them as a short-term event, less frightening than the pandemic, says Industry Minister Suriya Jungrungreangkit. He said people in the business world understand the political dispute and expect the government to be able to cope with the situation. […]
Read MoreThe Hanoitimes – The economy is likely to stage a stronger recovery in Q4 this year, versus 2.6% y-o-y real GDP growth in Q3. Fitch Solutions, a subsidiary of Fitch Group, has revised down its forecast for Vietnam’s fiscal deficit in 2020 to 3.6% (excluding debt repayment) of GDP, from 6.4% previously, staying below the latest […]
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Thailand
